Bloomberg: South Korean prosecutors attempt to freeze $13 million in funds related to Do Kwon held by a Swiss bank.

According to BlockBeats news on June 8th, Korean prosecutors attempted to freeze $13 million in funds held by a Swiss bank related to Do Kwon, co-founder of Terraform Labs. Do Kwon had transferred tens of millions of dollars from entities related to the Terra project since late March. Dan Sunghan, director of the financial crime investigation bureau at the Southern Seoul District Court, stated in an interview that cryptocurrency worth $29 million was likely transferred by Do Kwon himself or at his direction.